Can we really fix what's been done? It will be difficult.
The reason that the United States is less exposed to what we are experiencing at the moment in terms of renewals, is that it's possible there to get long-term mortgages. We don't have that here, and mortgages are generally for a five-year period.
We need to try to generate market conditions that would allow for 10-, 15- or even 30‑year mortgages. This has been discussed in the past, but we are now experiencing the effects of not having a well enough developed market in mortgage maturity.
It could have prevented several of the problems we are now experiencing.